Mumbai, June 24, 2025 — Indian Institute of Management Mumbai (IIM Mumbai) marked a significant milestone today with the inauguration of the *AIC-NITIE Incubation Foundation for Innovation and Entrepreneurship (AIC–NIFIE)* by *Dr. Jitendra Singh, Hon’ble Union Minister of State (Independent Charge). The centre is envisioned as a transformative platform to catalyze innovation, support early-stage startups, and foster a self-reliant India under the national mission of **Atmanirbhar Bharat*.
The inauguration was part of Dr. Singh’s visit to the institute, during which he also addressed a distinguished gathering under IIM Mumbai’s *Leadership Series, themed *“Viksit Bharat: India’s Startup Strides over the Last Decade and the Way Forward.”**
*AIC–NIFIE*, established under the aegis of Atal Innovation Mission, is designed to provide holistic support to innovators and entrepreneurs through incubation, mentorship, industry linkages, and access to research and technology. The centre will work closely with startups in manufacturing, supply chain, sustainability, and digital transformation — sectors critical to India’s economic future.
Speaking at the event, Dr. Singh emphasized the importance of academic institutions like IIM Mumbai in bridging policy, research, and enterprise. “Innovation is the backbone of a developed India. Centres like AIC–NIFIE will be instrumental in translating India’s demographic dividend into tangible economic growth,” he stated.
Director of IIM Mumbai, *Prof. Manoj K. Tiwari, noted, *“The launch of AIC–NIFIE is a step towards building a dynamic innovation ecosystem within the institute. It aligns with our mission to create impact through thought leadership, research, and entrepreneurship.”
With this initiative, IIM Mumbai deepens its commitment to national development through support for startup ecosystems, with launch of 14 startup’s as on date, industry-driven research, and the creation of new knowledge economies.
